Marcus by Goldman Sachs

Marcus savings account

Find out more about Marcus by Goldman Sachs and their savings account.

Marcus by Goldman Sachs is a new online bank from Goldman Sachs. It offers a simple-to-use high interest savings account with no hidden fees or charges. It is easy to apply and the account features a bonus rate that is available to all customers.

At the moment the interest rate is 1.5% AER (variable), of which 0.15% is a bonus, payable for 12 months. After 12 months, the savings rate reverts to 1.35% AER (variable).

You can open an account with as little as £1 (the maximum deposit is £250,000). When you open your Marcus Online Savings Account, you link it with a UK current account held in your name (or a “linked account”). You will only be able to add money from, or take money out, by sending it from and to your linked account.

Marcus by Goldman Sachs offers an easy access savings account that you can open with as little as £1. It can be opened and managed online, and there is a UK-based call centre which is open from 8am to 8pm Monday to Friday.

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Interest rate (AER)

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Min/max opening amount

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Great for
  • Open and manage your account online. Start saving with just £1
  • Competitive rate of interest paid monthly
  • Free withdrawals, with no penalties or restrictions
But be aware that
  • Includes a bonus rate of 0.15% gross fixed for the first 12 months. Rates are variable and could change at any time
  • To apply for an account, you'll need to be aged 18 or over
  • Applicants must have a UK address and be resident in the UK for tax purposes (excludes residents of the Channel Islands and the Isle of Man)
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Marcus by Goldman Sachs savings guide

If you want to save money but don’t want to tie up your savings in a long-term or fixed savings account, then an easy access savings account is a worthwhile option. With an easy access savings account there are no penalties for making withdrawals and there are no limits on how many withdrawals you can make in a day. You can also top up your balance at any time by making a transfer in from your linked account.

Up to £85,000 of any money you hold with Marcus by Goldman Sachs is protected by the Financial Services Compensation Scheme (FSCS). If you also have other savings with Goldman Sachs International Bank (GSIB), only the first £85,000 of the total balance held across all your accounts (including your Marcus account) will be covered.